Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Applovin Corp shares valued at $977,286 were purchased by ALYSSA HARVEY DAWSON on Nov 27 ’24. At $325.76 per share, ALYSSA HARVEY DAWSON acquired 3,000 shares.
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Also, Eduardo Vivas purchased 30,330 shares, netting a total of over 9,693,165 in proceeds.
Before that, Shikin Vasily had sold 230,000 shares from its account. In a trade valued at $74,746,660, the Chief Technology Officer traded Applovin Corp shares for $324.99 each. Upon closing the transaction, the insider’s holdings decreased to 230,000 shares, worth approximately $1.16 billion.
As published in their initiating research note from Piper Sandler on November 20, 2024, Applovin Corp [APP] has been an Overweight and the price target has been revised to $400. Analysts at Daiwa Securities upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of October 29, 2024, Wells Fargo has initiated its “an Overweight” rating for APP. Earlier on October 22, 2024, Loop Capital initiated its rating. Their recommendation was “a Buy” for APP stock.
Analyzing APP Stock Performance
During the last five days, there has been a surge of approximately 1.03%. Over the course of the year, Applovin Corp shares have jumped approximately 724.49%. Shares of the company reached a 52-week high of $344.77 on 11/25/24 and a 52-week low of $37.40 on 01/04/24. A 50-day SMA is recorded $193.59, while a 200-day SMA reached $106.65. Nevertheless, trading volume fell to 4.84 million shares from 8.05 million shares the previous day.
Support And Resistance Levels for Applovin Corp (APP)
According to the 24-hour chart, there is a support level at 315.47, which, if violated, would cause prices to drop to 302.37. In the upper region, resistance lies at 335.51. The next price resistance is at 342.45. RSI (Relative Strength Index) is 79.50 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 18.91, which suggests the price will increase in the coming days. Percent R is at 15.97%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
